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Constant innovation and the regular introduction of new and exciting services,
products and facilities have helped EXIM Bank to remain at the leading edge of
trade financing. In FY2013, the Bank introduced new products such as Vendor
Financing Programmes to encourage high-performing SMEs to export as well as
Buyer Credit Trade Facilities. The new vendor financing programme is aimed at
addressing the working capital needs of highly-rated SMEs that have contracts
in hand, with a number of major export-orientated corporations expected to
generate higher utilisation in the years to come. With regards to the Buyer Credit
Trade Facility, we have established up to USD55 million counterparty limits with
4 banks (in Turkey, India and Vietnam) to facilitate Malaysians transacting in
these countries.
New markets, particularly in Asia which is home to two thirds of the world’s
population, continued to be a focus in 2013. The Bank’s departure from our
traditional market focus of the West is also in line with Malaysia External Trade
Development Corporation’s (MATRADE) own assessment of a shifting trade focus
towards Asia.
In 2013, the Bank also continued its current trajectory of growing our Islamic
business. We are currently mapping all our conventional banking products,
transforming them into Islamic offerings with great success. Our efforts extend
beyond banking facilities to also include Islamic Trade Credit Insurance as an
alternative facility for our customers. To expand our Islamic business further,
we sought to increase our Islamic capital fund by launching a USD1.0 billion
Multicurrency Sukuk Programme, structured based on Wakalah structure, in
September 2013.
OPERATIONSREVIEW
BYPRESIDENT/CHIEFEXECUTIVEOFFICER
To increase our Islamic capital
fund by launching a USD1.0 billion
Multicurrency Sukuk Programme,
structured based on Wakalah
structure, in September 2013
USD1.0
billion
016
EXIM Bank Annual Report 2013